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Feb 26, 2013
02/13
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he's a civilian analyst at the pentagon with one of the nation's highest security clearances. his companion is tai shen kuo, a spy for the people's republic of china. bergersen knew a secret that the chinese desperately wanted to know, and neither man knows that what they're about to do is being recorded by two cameras the fbi has concealed in their car. >> let you have the money. >> oh, oh. are you sure that that's okay? >> yeah, it's fine. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we turn our attention to some foreign intrigue. first, a story about a mysterious computer virus that struck an iranian nuclear plant. later, the report of how american agents hunted a notorious arms dealer. and finally, an account of a chinese-american spy trying to steal u.s. military secrets for china. we begin with the story of stuxnet, a computer virus considered to be the world's first destructive cyberweapon. it was launched several years ago against an iranian nuclear facility, almost certainly with some u.s. involvement. but as steve kroft reported in march of 2012,
he's a civilian analyst at the pentagon with one of the nation's highest security clearances. his companion is tai shen kuo, a spy for the people's republic of china. bergersen knew a secret that the chinese desperately wanted to know, and neither man knows that what they're about to do is being recorded by two cameras the fbi has concealed in their car. >> let you have the money. >> oh, oh. are you sure that that's okay? >> yeah, it's fine. >> welcome to 60 minutes on...
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Feb 25, 2013
02/13
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keeping in mind the defense industry for pentagon, coming from the pentagon and defense budget expected to be hard hit if the sequester gez through. back to you. >> i will pick it up from there. i'm glad you mentioned defense stocks. we will talk about that more in the show. rick santelli, how are treasuries reacting to the fun and games? >> same way as every market from the s&p to the euro currency to dollar index, we have seen a big reversal. we are now at a 187 yield having closed near that since the 24th of january. we close at 176 which means we are up 11 basis point on the year and maybe the most important issue is we can now somewhat get an idea of what the reasoning for higher rate has been. it's been so of the issues of funding in europe. we've isolated it. now if this is a reverend up um on the euro and i know i'm way too early jumping the gun on that. when it is hard to get something from the treasury market, today is a day of a bit of enlightenment. >> rick santelli, grazzi. see you again sometime here. >>> mark set struggling to find their groove right now. but while a nice
keeping in mind the defense industry for pentagon, coming from the pentagon and defense budget expected to be hard hit if the sequester gez through. back to you. >> i will pick it up from there. i'm glad you mentioned defense stocks. we will talk about that more in the show. rick santelli, how are treasuries reacting to the fun and games? >> same way as every market from the s&p to the euro currency to dollar index, we have seen a big reversal. we are now at a 187 yield having...
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Feb 22, 2013
02/13
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karl rove recommended that today in the "wall street journal." >> pentagon is 20% of our federal budget. if you're going to make cuts in spending that's not entitlements you have to -- >> ding, ding, ding, that's not entitlements. can we make entitlement cuts? >> sequestration doesn't deal with it. >> the president will never do entitlement cuts. >> here's the reality. we saw the gdp growth numbers decline in the last quarter of 2012 because of the contraction in federal government spending. >> that's primarily in the military. >> the private-sector economy has grown 5%. they weathered these cuts. >> ed rogers i want to go back to one fundamental point regarding my sermon on the mound. i really believe that any time you can cut spending and limit government that is good for the economy. that is why fundamentally apart from the numbers and getting in the weed for all these debates i think that this is a pro growth move and that's the reason why i want the republicans to hang tough. i think any time you can limit government, and i'll give credit to clinton and gingrich and reagan and harr
karl rove recommended that today in the "wall street journal." >> pentagon is 20% of our federal budget. if you're going to make cuts in spending that's not entitlements you have to -- >> ding, ding, ding, that's not entitlements. can we make entitlement cuts? >> sequestration doesn't deal with it. >> the president will never do entitlement cuts. >> here's the reality. we saw the gdp growth numbers decline in the last quarter of 2012 because of the...
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Feb 1, 2013
02/13
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totally downsize the pentagon. and really ambiguity on israel, too. is that possible that's why he was picked? >> well, actually, i think even more revealing when he said it doesn't matter what i think, i'm not in a policy role. in other words, obama has chosen a stooge who has no independent thoughts, who is not going to be in the way, who is simply going to be there as a plug so that he can continue to slash the pentagon budget. this was a five-car pile-up, larry. this was a fiasco, a debacle, whatever you want to call it. what happened in the hearing today is this shifted from an issue of ideology to an issue of competence. would we be willing to trust this man if he went in to go talk to the russians, if he went in to the middle east. i don't think anyone in good conscience looking at him can say he's prepared, he's sober, he has a grasp of these issues. it was an embarrassing performance. the worst in my lifetime, larry, and i'm not alone. a lot of mainstream reporters saying this was really bad. >> aw shucks, jennifer, i can think of many in you
totally downsize the pentagon. and really ambiguity on israel, too. is that possible that's why he was picked? >> well, actually, i think even more revealing when he said it doesn't matter what i think, i'm not in a policy role. in other words, obama has chosen a stooge who has no independent thoughts, who is not going to be in the way, who is simply going to be there as a plug so that he can continue to slash the pentagon budget. this was a five-car pile-up, larry. this was a fiasco, a...
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Feb 6, 2013
02/13
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he was very confident pentagon ab -- confident being able to self-fund the transformation and key to whether they attract new customers. as far as comp sales issues, he is coming up against significantly softer comps this year and you may see growth. antidotally we heard their holiday period was pretty good and were able to attract new customers and get some traction. >> finally, stacy, i wouldn't call it a potshot but a shot across the bow the shorts saying investors these days try to make money in what he called short artificial ways. deserved or not? >> i think that's -- that's the environment. there will be short term investors looking at this stock. he wants us to focus on long term. the short term reality is comps are down 30 something percent probably this quarter. the short term is what we have to look at. >> fascinating stuff today. thank you very much for your insight. we'll talk to you later. let's get back to headquarters and the halftime. >>> carl thank you very much. we go to the halftime show. the dow is down a point. one market watcher says the s&p will drop 200 point
he was very confident pentagon ab -- confident being able to self-fund the transformation and key to whether they attract new customers. as far as comp sales issues, he is coming up against significantly softer comps this year and you may see growth. antidotally we heard their holiday period was pretty good and were able to attract new customers and get some traction. >> finally, stacy, i wouldn't call it a potshot but a shot across the bow the shorts saying investors these days try to...
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Feb 7, 2013
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think one thing that would be very helpful would be if they would simply pass a law that allowed the pentagon to allocate the cuts in their best judgment rather than forcing certain cuts on them. that would be one helpful thing, but i think the bargaining power almost requires that we allow it to happen before -- before anybody is going to get serious about their negotiation. i agree. it's a terrible idea, but it's maybe a bad idea whose time has come. >> laura you say it's not next to happen. >> right. >> you say there's no debt crisis. how would you describe the 16 trillion debt. >> so what i would say, look, there were estimates out there at the beginning of the year we needed about $4 trillion to stabilize the debt-to-gdp ratio. we're about 60% of the way there. we do need additional revenue increases or spending cuts over the next decade, but let me emphasize. over the next decade. not at a moment in time when the economy has 7.9% unemployment and is operating under its capacity to the tune of maybe six percentage points below capacity. this is a terrible time to do what needs to be done
think one thing that would be very helpful would be if they would simply pass a law that allowed the pentagon to allocate the cuts in their best judgment rather than forcing certain cuts on them. that would be one helpful thing, but i think the bargaining power almost requires that we allow it to happen before -- before anybody is going to get serious about their negotiation. i agree. it's a terrible idea, but it's maybe a bad idea whose time has come. >> laura you say it's not next to...
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Feb 25, 2013
02/13
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. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona at the world mobile congress. do you have to use your spanish down there or you're okay, kelly? >> si, senior. i've been using a lot of spanish here, ross. right now, i'm joined by ed mcglaughlin from mastercard. ed, i haven't been speaking spanish with you necessarily. >> no. >> but we have been talking about the language of payments. and it does seem as though we're moving from, as you've said, a cash list to a credit card list society. what exactly is mastercard doing here? >> well, what we're announcing today is what we call master pass. everything starts becoming digital, it's device based, master pass is basi
. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona...
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Feb 21, 2013
02/13
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on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government, and some of these tax loopholes that we could close that frankly benefit the well off and well connected. >> now, congress isn't in session this week. it isn't expected to reach a deal by the march 1st deadline to prevent the sequester. so, ideal, the physical mini cliff continues. >>> david einhorn is taking his case against apple directly to the company's shareholders. he's seeking an injunction to get rid of a system to issue pressed stock. einhorn will hold a conference call with investors today, an interesting move and one that's seeing apple shares outperform this morning. they are one of the rar
on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government,...
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Feb 7, 2013
02/13
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. >> the pentagon is cutting the usair craft carrier fleet in the persian gulf to demonstrate the effect looming defense cuts could have on the military. it will have to trim flying hours and lockheed's fighter jets. billions of dollars in automatic cuts known as the sequester are set to take effect march 1st if congress doesn't delay or cancel them. outgoing secretary of defense leon panetta called lawmakers irresponsible. >> it is difficult to believe, frankly, that congress would simply stand aside, stand aside, fail to make the decisions necessary to resolve this crisis and allow the defense, economy and quality of life of america to be irreparably damaged. >> thou, some health and senate republics have offered a plan to cut the federal workforce and use those savings too void the full 85 billion sequester. a similar plan failed to gain any traction last year. however, will this time be different? mark parkinson, former governor of kansas, ceo, and a real pleasure to have you with us. >> great to be here this morning. thank you. >> we would like you to start by looking at this seques
. >> the pentagon is cutting the usair craft carrier fleet in the persian gulf to demonstrate the effect looming defense cuts could have on the military. it will have to trim flying hours and lockheed's fighter jets. billions of dollars in automatic cuts known as the sequester are set to take effect march 1st if congress doesn't delay or cancel them. outgoing secretary of defense leon panetta called lawmakers irresponsible. >> it is difficult to believe, frankly, that congress would...
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Feb 6, 2013
02/13
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the pentagon says both sides ought to avoid any acts that might spark conflict. >>> meanwhile, china is promising to make sweeping tax reforms to narrow the rich/poor suicide. plans approved by china -- divide. plans approved by china says the rich might pay more. in companies, taxes could rise 20% by 2015. there's talk of giving savers a better return. it's for tilting toward more consumption than investment spending. >>> an expected pickup in china is giving a reason to be more optimistic after a challenging 2012. the company said the net loss widened to nearly $4 billion in the fourth quarter last year. but the biggest steelmaker by volume expects profits to pick up amidst improving conditions. in china alone the company sees the steel market growing 3%. and the stock up 2% as a result. >>> and syngenta trades are lower today. the company reported full-year net profit of $1.8 billion. that was ahead of a reuters forecast. it expects another record sales year citing strong commodity prices. so what a disappointment. carolyn roth is in zurich. is this a question of you meeting expec
the pentagon says both sides ought to avoid any acts that might spark conflict. >>> meanwhile, china is promising to make sweeping tax reforms to narrow the rich/poor suicide. plans approved by china -- divide. plans approved by china says the rich might pay more. in companies, taxes could rise 20% by 2015. there's talk of giving savers a better return. it's for tilting toward more consumption than investment spending. >>> an expected pickup in china is giving a reason to be...
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Feb 27, 2013
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. >>> the pentagon chief for the f-35 warplane is slamming his partner lockheed martin. he's accusing them of trying to squeeze every nickel out of the u.s. government faults them for seeing the long-term benefits of the project. >>> and tesla ceo eland musk vowing to pay back an energy deficit loan in half the time required by the government. the company receives a doe loan in 2010 and made the first payment of nearly $13 million in december. >> by the way, did you see yesterday -- remember we had -- there was a big debate about the test drive of the tesla in "the new york times." >> yeah. uh-huh. >> and phil lebeau -- >> went well. then edmonds did one yesterday. >> how did that go? >> not so well. the whole interior screen that sort of is the hub of the whole car, it stopped working. >> i don't understand this debate anyway. if you want to go a long trip like that, wouldn't you take a different car? rent a car or -- >> yeah. phil made the point. this is what you do -- >> andrew made the point, too. >> if you feel green and you want to, you know -- >> you want to tool
. >>> the pentagon chief for the f-35 warplane is slamming his partner lockheed martin. he's accusing them of trying to squeeze every nickel out of the u.s. government faults them for seeing the long-term benefits of the project. >>> and tesla ceo eland musk vowing to pay back an energy deficit loan in half the time required by the government. the company receives a doe loan in 2010 and made the first payment of nearly $13 million in december. >> by the way, did you see...
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Feb 11, 2013
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there's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you? >> very few. look they're politicians. they want to spend as much money as they possibly can and they don't want to pay for it. >> who agrees with you? >> oh, i don't know. i bet -- oh, god, joe agrees with me. >> you forgot. the other thing, howard, and i'm just alluding to it, there will be no return to the bush era tax rates on anyone under $400,000? >> right. >> okay. so take that amount of money, whatever that is per year. how much do you need -- how many loopholes do you need to close? what is the marginal rate have to be on people above 400 to replace that potential revenue? it's 100%, isn't it? >> but
there's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you?...
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Feb 7, 2013
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pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is really unsustainable and deeply dangerous long-term fiscal situation and i think if we had done that, not only would be useful for the long run but i think could have generated confidence in the shorter run and promote jobs now. now instead of that we have a happen has 5rd process. a sequester we're facing. it's a terrible piece of legislation. it arbitrarily cuts defense and nondefense without thoughtfully doing so. instead of being phased in so we'd have more room for recovery, it hits abruptly. and it's far, far from clear that
pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is...
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Feb 23, 2013
02/13
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he says the pentagon refuses to admit this thing is a failure. the pentagon says it's too early to assess the overall impact. >>> a law that would require gun owners to get liability insurance is gaining traction in several states. yesterday, connecticut governor dan malloy asked his sandy hook advisory council look into whether owners of firearms should be required to carry additional insurance. some believe this law would hamper second amendment rights, others believe it would prevent tragedies like sandy hook shootings. there are holes in the legislative language that could make it hard to decide exactly how much people should be charged and whether or not it would have that impact. >>> a major development tonight that could halt the effort to bring peace to syria. that country's key opposition group has said that it's boyc t boycotting an important meeting in rome with the u.s. and other world powers. the goal to find a way to end the crisis in syria. a senior u.s. officials tells cnn the group had not notified the united states of its decisi
he says the pentagon refuses to admit this thing is a failure. the pentagon says it's too early to assess the overall impact. >>> a law that would require gun owners to get liability insurance is gaining traction in several states. yesterday, connecticut governor dan malloy asked his sandy hook advisory council look into whether owners of firearms should be required to carry additional insurance. some believe this law would hamper second amendment rights, others believe it would...
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Feb 23, 2013
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the pentagon grounded the entire fleet of f-35 fighter jets because a crack was found in the engine of one of the planes during a routine inspection. at $400 billion, the f-35 program is the most expensive weapon system in military history. number five, police are on an intense manhunt foreign the occupants of a range rover involved in a las vegas shooting. shots fired from that car killed the driver of a maserati which then crashed into a taxi. the taxi driver and his occupant were both killed. it caused a major pileup on the las vegas strip and there were three others injured. >>> now to the high-profile case of olympic icon oscar pistorius accused of murdering his model girlfriend reeva steenkamp. a south african judge granted him bail saying he's not a flight risk. it's a tale that has more twists and turns than a hollywood movie. earlier i asked jane velez-mitchell if granting bail was the right call. >> i do not. i think it's actually an outrage. imagine how all the people behind bars in south african james feel right now accused of lesser crimes, mind you. i think we're going to
the pentagon grounded the entire fleet of f-35 fighter jets because a crack was found in the engine of one of the planes during a routine inspection. at $400 billion, the f-35 program is the most expensive weapon system in military history. number five, police are on an intense manhunt foreign the occupants of a range rover involved in a las vegas shooting. shots fired from that car killed the driver of a maserati which then crashed into a taxi. the taxi driver and his occupant were both...
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Feb 18, 2013
02/13
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we begin with what is happening tonight at the pentagon. >> i'm barbara starr at the pentagon. defense secretary leon panetta was to be home in california in retirement, but now that congress will not deal with the chuck hagel nomination for another ten days, panetta still is on the job. he will travel to brussels for a nato summit to talk about afghanistan and other security issues. when the summit is over on friday, the big question, does he come back to the pentagon or does he try once again to go home to california? >> i'm poppy harlow in new york and while the markets are closed monday for thet presidents' day holiday, but when they reopen tuesday, we will get key earnings and economic reports. the latest existing home sales numbers will come out wednesday which will help us to see if the housing recovery is continuing, because existing home sales account for about 90% of the overall housing market. on the earnings front, we will hear from walmart and marriott and all eyes on dell as the computer maker reports its quarterly numbers. founder michael dell has made a $24 bill
we begin with what is happening tonight at the pentagon. >> i'm barbara starr at the pentagon. defense secretary leon panetta was to be home in california in retirement, but now that congress will not deal with the chuck hagel nomination for another ten days, panetta still is on the job. he will travel to brussels for a nato summit to talk about afghanistan and other security issues. when the summit is over on friday, the big question, does he come back to the pentagon or does he try once...
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Feb 11, 2013
02/13
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he will be honored at the pentagon on tuesday, after which he will c
he will be honored at the pentagon on tuesday, after which he will c
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Feb 18, 2013
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but not necessarily running the pentagon from right here. he went back to his california home over the weekend. he will travel this week to brussels for a nato summit. hagel was supposed to go to that summit. and then the big question is, after that, somewhere in the saturday, sunday, monday time frame, will leon panetta just go back to california, continue to do the job from there? will he have to come back to washington? tuesday's the big day, wolf, that's when we may find out hagel's fate. >> as far as hagel is concerned, how much grumbling, if any, do you hear over there at the pentagon, that he's becoming such a political, i guess, cause, democrats supporting him, republicans opposing him, that if in fact he is confirmed, he probably will be, but if he's confirmed, he won't be an effective representative for the pentagon in dealing with congress? because you really do need bipartisan support. >> reporter: well, this is going to be a very delicate political issue. as you know, wolf, the pentagon like, to say it doesn't get involved in po
but not necessarily running the pentagon from right here. he went back to his california home over the weekend. he will travel this week to brussels for a nato summit. hagel was supposed to go to that summit. and then the big question is, after that, somewhere in the saturday, sunday, monday time frame, will leon panetta just go back to california, continue to do the job from there? will he have to come back to washington? tuesday's the big day, wolf, that's when we may find out hagel's fate....
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want to bring in our pentagon correspondent barbara starr, joins us live here. the policy now made public. is there any reaction to the fact that now people, very clearly stated in the memo, know what it's all about? >> reporter: you know, i think this has emerged over the last couple of years, but you're right, suzanne, it is this memo that puts it out in black and white. if you're an american citizen, you can, in fact, be killed by your government overseas with no trial, no due process, if there is a -- some decision by the u.s. administration that you're engaged in terrorist activities. in fact the attorney general, eric holder, talked about this earlier today. i want you to listen to what he had to say. >> we say that we only take these kinds of actions when there's an imminent threat, when capture is not feasible and when we are confident that we are doing so in a way that's consistent with federal and international law. >> reporter: consistent with federal and international law. this memo, suzanne, lays out a case that many might say does not comport with
want to bring in our pentagon correspondent barbara starr, joins us live here. the policy now made public. is there any reaction to the fact that now people, very clearly stated in the memo, know what it's all about? >> reporter: you know, i think this has emerged over the last couple of years, but you're right, suzanne, it is this memo that puts it out in black and white. if you're an american citizen, you can, in fact, be killed by your government overseas with no trial, no due process,...
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Feb 23, 2013
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these are the fundamental questions the pentagon is trying to cope with. for now, the obama administration has a new spiesh poli -- new cyberpolicy where they're trying to classify more information about the threat with u.s. business and industry so that the u.s. infrastructure has a better idea of what's going on. >> this mandate report doesn't just come out of the ether. we have had years -- barbara, you've been covering it, chris, you, too. years of reports of chinese lasers blinding satellites that are orbiting could essentially shut down the american financial system. right? we've had all kinds of reports of espionage for fighter jets, to keep nuclear subs quiet. things that will matter to our children, our economic security. it is not an exaggeration at all. chris, how concert sudden this effort, this -- concerted is this effort, this industrial complex in china to get as much control as they can over the american system? >> it's a pervasive problem. i think it's important to recognize that while there have been these allegations of chinese probing o
these are the fundamental questions the pentagon is trying to cope with. for now, the obama administration has a new spiesh poli -- new cyberpolicy where they're trying to classify more information about the threat with u.s. business and industry so that the u.s. infrastructure has a better idea of what's going on. >> this mandate report doesn't just come out of the ether. we have had years -- barbara, you've been covering it, chris, you, too. years of reports of chinese lasers blinding...
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Feb 18, 2013
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tom vandenbrook is "usa today's" pentagon reporter. he wrote the article. welcome. >> good morning, carol. >> thanks so much for enlightening us on this issue. this program sends americans to iraq and afghanistan to win hearts and minds. tell us about sexual harassment, racism. outline these problems for us. >> these come in an army investigative report that we were -- we obtained through a freedom of information act request. the harassment seemed pretty gross. it was a contractor at the training base making really untoward comments toward the women. eventually, he was fired. that was documented. as well as racism. there was a white soldier who was referring to a section of the program and saying it was a ghetto because it had black people in it. that soldier was disciplined. >> yet some of the members of this group, with all the problems, were making more money than the secretary of defense? >> that's the most disturbing problem. it regards time sheet padding, and it was encouraged, apparently, according to the documents we found. these people were saying
tom vandenbrook is "usa today's" pentagon reporter. he wrote the article. welcome. >> good morning, carol. >> thanks so much for enlightening us on this issue. this program sends americans to iraq and afghanistan to win hearts and minds. tell us about sexual harassment, racism. outline these problems for us. >> these come in an army investigative report that we were -- we obtained through a freedom of information act request. the harassment seemed pretty gross. it...
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Feb 11, 2013
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you're going to go, now, and run the pentagon. and the question is how are the people inside the pentagon going to react to him. will there be a hangover from that. he's got a lot of work to do. you have those pending cuts at the defense department. you've got to wind down a war in afghanistan. and also you have to downsize the military. so the job is immense. and you have to have confidence inside the building to do it well. and so that's, you know, that's a question that does come out of this entire process. >> jack lew has been nominated by the president to be the next treasury secretary. all of a sudden, there's an issue involving the cayman islands that has come out. how significant, what's going on? >> there's a question of whether jack lew's had a cayman investment through citigroup that is not unlike the one that mitt romney had in his portfolio. look, jack lew has been confirmed twice before. this is not going to hold him up. but it does allow republicans to kind of say what's good for the goose is good for the gander. ok
you're going to go, now, and run the pentagon. and the question is how are the people inside the pentagon going to react to him. will there be a hangover from that. he's got a lot of work to do. you have those pending cuts at the defense department. you've got to wind down a war in afghanistan. and also you have to downsize the military. so the job is immense. and you have to have confidence inside the building to do it well. and so that's, you know, that's a question that does come out of this...
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Feb 22, 2013
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the pentagon is grounding all-35 fig fighter planes. f-35 fighter planes all being grounded. inspectors found a crack in an engine fan blade during an inspection inc california. we'll keep following the story and bring you details as we learn them. >>> and u.s. officials warn iran is one step closer to a enthusiast nuclear weapon. a new centrifuge that can accelerate the enrichment process. for more on this, this is a week out from tehran's nuclear talks in kazakhstan. is this an act of defiancdefian? >> reporter: certainly it kind of calls into question, fred, whether the iranians are really serious about taking steps to prove that its nuclear program is peaceful. even as they're getting ready to talk, the new centrifuges can produce you're an yes, ma'am three or four times faster than its old ones. one step closer to having a nuclear bomb more quickly, that's really a concern that they can more quickly produce this nuclear material. they're also working on some of those other components of the nuclear weapon such as the delivery system. so it's a very alarming development.
the pentagon is grounding all-35 fig fighter planes. f-35 fighter planes all being grounded. inspectors found a crack in an engine fan blade during an inspection inc california. we'll keep following the story and bring you details as we learn them. >>> and u.s. officials warn iran is one step closer to a enthusiast nuclear weapon. a new centrifuge that can accelerate the enrichment process. for more on this, this is a week out from tehran's nuclear talks in kazakhstan. is this an act...
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Feb 23, 2013
02/13
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number four, the pentagon has grounded the entire fleet of f-35 fighter jets. a crack was found in the engine of one of the planes during a routine inspection. $400 billion, the f-35 program is the most expensive weapons system in military history. >>> five, now with no deal in sight, we are six days away from forced spending cuts that will slash $85 billion in spending and the white house is putting pressure on republicans. >> the here is the thing. these cuts don't have to happen. congress can turn them off any time with just a little compromise. they can pass a balanced plan for deficit reduction. they can cut spending in a smart way and close wasteful tax loopholes for the well-off and well-connected. unfortunately, it appears that republicans in congress have decided that instead of compromise, instead of asking anything of the wealthiest americans, they would rather let these cuts fall squarely on the middle class. >> that's the argument from the president. here is is how the gop is firing back. >>> the fact is republicans in congress right now will provi
number four, the pentagon has grounded the entire fleet of f-35 fighter jets. a crack was found in the engine of one of the planes during a routine inspection. $400 billion, the f-35 program is the most expensive weapons system in military history. >>> five, now with no deal in sight, we are six days away from forced spending cuts that will slash $85 billion in spending and the white house is putting pressure on republicans. >> the here is the thing. these cuts don't have to...
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Feb 14, 2013
02/13
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i +t5ye1. >> i'm forzúditing the pentagon. i think there is ways for it to be found.xd i know you a solee1yme1i] they may have provided financing and i think he needs to reveal that. i'mñ" one that says, yes, iu- need more information about making aá.", final decision. >> do you thinkxd john mccain can filibuster --p, he is in his project in the the the -- the only way to get the information is toe1 threat them to ai] high standard of with he's- essentially sayingteák hat you would very to qme. we do signature strikes now. we don't even name the x the heem to live detective. maybe coming ots of a city or an encampment where they'rexd meeting and saying anti-government things are we dwk to havee1 strikes injf america? it opens pandora'se1q box by saying you mites as well kill an american. without a trial? that's very imimportance. >> you took on democrats and i have to ask you this, senator last time aro% er2012 four of the 16 candidatesxd endorsede1 by the tea party actually won. is thexd tea party losing fásteam? >> we di
i +t5ye1. >> i'm forzúditing the pentagon. i think there is ways for it to be found.xd i know you a solee1yme1i] they may have provided financing and i think he needs to reveal that. i'mñ" one that says, yes, iu- need more information about making aá.", final decision. >> do you thinkxd john mccain can filibuster --p, he is in his project in the the the -- the only way to get the information is toe1 threat them to ai] high standard of with he's- essentially sayingteák...
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let's bring up the pentagon here and look at this. if this represented the entire budget of the pentagon, these cuts would only about this 8% or so up here at the top. that doesn't look like a whole lot right now, but the impact could be quite large. for example, one of the cuts would be to 46,000 department of defense jobs, which would be endangered with men and women and enlisted families, in fact, facing lower pay raises next year than they would expect. what about beyond that? the civilian population, working for the defense department. 800,000 civilians could face these 22-day furloughs, a forced furlough. it's a forced vacation. essentially, they're losing an entire month of pay out of the year, big impact on a lot of those folks out there. beyond that, there could be a reduction in training and maintenance for many people. that would have a bigger impact, probably in forward bases, where people are deployed, like afghanistan. beyond that, a reduction in naval operations. and finally, a reduction, in fact, in the number of hours
let's bring up the pentagon here and look at this. if this represented the entire budget of the pentagon, these cuts would only about this 8% or so up here at the top. that doesn't look like a whole lot right now, but the impact could be quite large. for example, one of the cuts would be to 46,000 department of defense jobs, which would be endangered with men and women and enlisted families, in fact, facing lower pay raises next year than they would expect. what about beyond that? the civilian...
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we will be live from pentagon in a minute. >>> and falling from space, wow, pretty cool, at a rate of more than 843 miles per hour, that's how fast dare devil felix baumgartner fell when he jumped from space. the official speed has been released. even faster now than those record keepers thought at first. pretty cool stuff. >>> one of our top stories today at cnn, a secret american drone base somewhere in saudi arabia, now this is according, these are reports from two major newspapers today, saying that this u.s. launches these drone attacks against al qaeda targets from that particular base. i want to bring in two folks here at the pentagon chris lawrence also michael holmes from cnn international. chris, it's not a total surprise that this was there in saudi arabia, but certainly it was not something that they officially wanted to reveal. why are they doing it now? >> that's the big question, suzanne, why did this come out? we reported two years ago from our sources u.s. officials were telling us the cia was building an airstrip in the a arabian peninsula. it was hinted it would pos
we will be live from pentagon in a minute. >>> and falling from space, wow, pretty cool, at a rate of more than 843 miles per hour, that's how fast dare devil felix baumgartner fell when he jumped from space. the official speed has been released. even faster now than those record keepers thought at first. pretty cool stuff. >>> one of our top stories today at cnn, a secret american drone base somewhere in saudi arabia, now this is according, these are reports from two major...
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Feb 20, 2013
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but how much discretion do they have at the pentagon, barbara? can they get rid of big ticket gun programs, weapons instead of furloughing these thousands of people, for example? >> they say they cannot do that, wolf. essentially, sequestration, that word again, means mandatory across the board budget cuts. everybody takes a hit. so they say they can't do that. >> the military will not furlough workers on bases around the world and there are at least 100 bases around the world. only bases in the united states can be furloughed. why is that? >> in many cases these foreign nonu.s. workers are paid by the local countries so there's no savings there. in other cases, they would have to renegotiate essentially employment agreements with that government. that opens up a can of worms. a lot of this is just set in stone, very little discretion about how to carry all of this out if it comes to that, wolf. >> $46 billion in defense department cuts, according to this forced budget plan cut. just for some perspective, the u.s. is going to spend $88 billion th
but how much discretion do they have at the pentagon, barbara? can they get rid of big ticket gun programs, weapons instead of furloughing these thousands of people, for example? >> they say they cannot do that, wolf. essentially, sequestration, that word again, means mandatory across the board budget cuts. everybody takes a hit. so they say they can't do that. >> the military will not furlough workers on bases around the world and there are at least 100 bases around the world. only...
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Feb 20, 2013
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our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are some 800,000 civilian workers are facing one day of furlough for the next 22 weeks. it is going to start hitting an awful lot of people right in the pocketbook. i want you to have a quick listen to one of the pentagon officials that explained some of the impact today. >> the effects of sequestration and the continuing resolution on our military personnel will be devastating. but on our civilians, it will be catastrophic. these critical members of our workforce, they work in our depots. they maintain and repair our tanks, our aircraft, our ships, they teach our kids. they care for
our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are...
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chris lawrence, cnn, the pentagon. >> the question is, is his confirmation in jeopardy? >> the democrats think they still have the votes there, but most people say hagel did not do anything to help himself. all of the reporters, dana bash reporting that they were stunned in his performance. a 7 1/2 hour hearing and it was tough. >> but it was rude at times as well, right? >> some say that senators went too far, maybe that will backfire. little to help himself. >> i read he was like a wiebel. he wobbled but he didn't fall down. >>> six minutes past the hour. when it comes to jobs, did we sprint or stumble out of the gate. we'll find out when the january jobs report comes out a little more than three hours from now. they expect to see maintained momentum, predicting 165,000 net new jobs added. up slightly from the 155,000 added in december. they expect the unemployment rate to stay at 7.8%. >> of course, christine romans here to break down the numbers as soon as they come out. that will happen at 8:30 live on "starting point." >>> for the first time in a long, long time, h
chris lawrence, cnn, the pentagon. >> the question is, is his confirmation in jeopardy? >> the democrats think they still have the votes there, but most people say hagel did not do anything to help himself. all of the reporters, dana bash reporting that they were stunned in his performance. a 7 1/2 hour hearing and it was tough. >> but it was rude at times as well, right? >> some say that senators went too far, maybe that will backfire. little to help himself. >> i...
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Feb 12, 2013
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this is just outside the pentagon. he spoke about his challenges his replacement must face. >> you're going to have to continue to deal with rogue states like iran and north korea. we just saw what north korea has done in the last few weeks. a missile test and now a nuclear test. they represent a serious threat to the united states of america. we have got to be prepared to deal with that. >> deal with that, he says. panetta has been leading the pentagon for the last 18 months. but he's been in public service for the last five decades. >>> live this hour, big moment for chuck hagel, the man president obama would like to become the next secretary of defense. the senate armed forces committee holding a vote on hagel's nomination. and while it is likely he will be confirmed, several republicans, they're still putting up a fight. that happens this hour. >>> also, cereal and soda? pepsi introducing a new mountain dew drink for, dare i say, breakfast, calling it kick start. the company says it doesn't consider this an energy
this is just outside the pentagon. he spoke about his challenges his replacement must face. >> you're going to have to continue to deal with rogue states like iran and north korea. we just saw what north korea has done in the last few weeks. a missile test and now a nuclear test. they represent a serious threat to the united states of america. we have got to be prepared to deal with that. >> deal with that, he says. panetta has been leading the pentagon for the last 18 months. but...
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Feb 12, 2013
02/13
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want to bring in our pentagon correspondent, barbara starr. what have we learned from this? tell us what happened. >> reporter: well, you know, as you said, right now the intelligence community, the military, has to figure out what they know, what they suspect happened. think of this as csi north korea but not being able to go to the scene of the crime. what they're looking at is that seismic activity and trying to work their way backwards as to what happened. they believe now that this was, of course, an underground nuclear test, possibly several kilotons. but they need to get better analysis, they need to get air sampling, see what is now released into the atmosphere, and try and assess from all of that what happened. once they know that, the next set of questions, the next part of the investigation, how did north korea pull it off? where did they get help? did they get help? did they have the technology, the engineering expertise, fabrication to really do there is? and finally if they really did it, and it is a miniaturized test, as they claim, that's a huge concern that
want to bring in our pentagon correspondent, barbara starr. what have we learned from this? tell us what happened. >> reporter: well, you know, as you said, right now the intelligence community, the military, has to figure out what they know, what they suspect happened. think of this as csi north korea but not being able to go to the scene of the crime. what they're looking at is that seismic activity and trying to work their way backwards as to what happened. they believe now that this...
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Feb 25, 2013
02/13
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which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its most basic function and pass a budget? they work in a government and not a circus. how about pride in that? >> that would be good. you saw the article bob woodward had in "the washington post" this weekend. saying the president is in effect moving the goal post on the $85 billion. so when the president asks that a substitute for the sequester include not just spending cuts but also new revenue, that means taxes, he is moving the goal posts. his call for a balanced approach is reasonable, and he makes a strong case that those in the top income brackets could and should pay more. but that
which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its...
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Feb 12, 2013
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live at the pentagon. this test is wore i sor woresom. >> one of the biggest problems right now is whether or not north korea really has achieved a miniaturized bomb. they say they set off a smaller, more lethal explosive, if you will. miniaturization is key. that means they could possibly put a small war head on a missile sooner than expected and deliver it to a target. now the cia, pentagon, all has to look at this to determine what they set off and essentially now work backward. if it was a miniaturized bomb, what did it take north korea to get there? where did they get the technology, the engineering, the expertise, the money to do it? they will look at what it would have taken north korea to achieve what they say they achieved and try to figure out how they did it and who might have helped them. zoraida. >> has theyou say there. there has been a lot of skepticism in where this program is right now. >> the u.s. has been skeptical for years. in december, they successfully launched a long-range ballistic
live at the pentagon. this test is wore i sor woresom. >> one of the biggest problems right now is whether or not north korea really has achieved a miniaturized bomb. they say they set off a smaller, more lethal explosive, if you will. miniaturization is key. that means they could possibly put a small war head on a missile sooner than expected and deliver it to a target. now the cia, pentagon, all has to look at this to determine what they set off and essentially now work backward. if it...
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Feb 19, 2013
02/13
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that's 9% of nondefense spending and 13% of the pentagon budget over the next seven months. what's protected? medicare and social security. so are medicaid and food stamps, military personnel and the v.a. are examined. most federal agencies would make cuts and the white house warns, among other things, furloughs of the fbi, border patrol, and food safety inspections. the president says vital government services would suffer and the economy would weaken. republicans say agencies have had plenty of warning and it's past time the government joins the american families in making tough budget choices. a couple of facts amid the washington blame game. while the president rails against the cuts now, the idea for this deadline was his. two years ago the president believed the cuts would pressure republicans into a big deficit brand bargain. yes, this all may sound familiar. after all, it's been 16 years since the country had a real budget. but this president and this republican opposition are taking washington's dysfunction and trust deficit to new levels. >> john king joins me now
that's 9% of nondefense spending and 13% of the pentagon budget over the next seven months. what's protected? medicare and social security. so are medicaid and food stamps, military personnel and the v.a. are examined. most federal agencies would make cuts and the white house warns, among other things, furloughs of the fbi, border patrol, and food safety inspections. the president says vital government services would suffer and the economy would weaken. republicans say agencies have had plenty...
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let's bring in our pentagon correspondent, chris lawrence. he's joining us on the very sophisticated operation that freed that little boy and what similar operations could look like in years ahead. chris, what are you seeing? >> reporter: yeah, wolf. we're now learning that the fbi used drones likely provided from the u.s. military to keep around the clock surveillance on that particular bunker. that coming from former fbi official tom fuentes who has been talking to his sources. the future and what the fbi may be able to do down the line goes way beyond what was done here. >> reporter: a little boy barricaded in a bunker with a killer. as the crisis stretched into a seventh day, an fbi hostage rescue team practiced how to save him. law enforcement sources now say the fbi built a mockup of the bunker and trained on how they'd go in. but how would they know what was happening below? a law enforcement source tells cnn authorities managed to slip a camera into the hideout. >> we're going to try to introduce microphones and fiber optic lenses int
let's bring in our pentagon correspondent, chris lawrence. he's joining us on the very sophisticated operation that freed that little boy and what similar operations could look like in years ahead. chris, what are you seeing? >> reporter: yeah, wolf. we're now learning that the fbi used drones likely provided from the u.s. military to keep around the clock surveillance on that particular bunker. that coming from former fbi official tom fuentes who has been talking to his sources. the...
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Feb 19, 2013
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defense related jobs could vanish by the tens of thousands due to severe cuts to the pentagon. you see just four states there including georgia and virginia which could lose more than 100,000 jobs each over the next ten years. cuts in grants to the states could lead to big reductions in food aid to the poor, low income energy assistance, child care and development and other social services as well. and really this is only the start. again, ten days left at this point. >>> now, we want to bring you some of the hottest stories of the day in a flash. we're keeping an eye on the jodi areas trial. she admits to the gruesome killing of travis alexander. late this morning her attorney began to lead arias through the weeks before the brutal killing. arias read an angry text from travis about a drawing that he had done which she left behind. >> imagine if i did that to you with something you gave me. give me a pardon from any madness. i don't need it. it's wearing me out and if it continues, just like i have to give you motivation to tell me the truth, i'll give you motivation to quit s
defense related jobs could vanish by the tens of thousands due to severe cuts to the pentagon. you see just four states there including georgia and virginia which could lose more than 100,000 jobs each over the next ten years. cuts in grants to the states could lead to big reductions in food aid to the poor, low income energy assistance, child care and development and other social services as well. and really this is only the start. again, ten days left at this point. >>> now, we want...
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Feb 11, 2013
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he will also be honored at the pentagon on tuesday, after which he will come back here to minot, north dakota, and continue with his new job. meanwhile, the war in afghanistan continues. more than 60,000 american service members are right now in that country fighting that war. >>> i've come to gun country in one of the most popular stores in the state. i fired the most powerful we in america's arsenal and they're all legal. >> you're in america now and we have a special amendment right. this a is special edition. >> how has business been? >> right noi it's impossible to get guns and ammunition. >> this pattern has been seen all over america. why are people reacting by buying more guns and ammunition. >> i know my customers feel they will be banned. they need to get it now while they still can. >> what's the most popular? >> anything with over a ten round automatic. that's the rumor they will try to ban. >> do you think those are kind of things they should use in self-defense? >> for self-defense for your home or your property? >> home. >> for your home i like shotguns because you don't
he will also be honored at the pentagon on tuesday, after which he will come back here to minot, north dakota, and continue with his new job. meanwhile, the war in afghanistan continues. more than 60,000 american service members are right now in that country fighting that war. >>> i've come to gun country in one of the most popular stores in the state. i fired the most powerful we in america's arsenal and they're all legal. >> you're in america now and we have a special amendment...
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>> that's now the official guessing game in all 17 miles of pentagon corridors. which four star, the bench is not all that deep at this point. i think a lot of people are already speculating they could reach down into the three star ranks, promote somebody into the job. but it's sort of like, and no disrespect, it's the enclave to select a new pope in rome, no disrespect but it's the big guessing game, who's next. >> appreciate it, barbara starr. >>> a man is accused of raining a woman he met on a dating site, christian dl christi christi christianmingle.com. miguel, tell us about the suspect, sean banks pleading not guilty today, out on bond? >> he is out on bond. he bonded out in the past wiig. he was arrested last week and mr. banks was difficult for police to capture because he went by so many different profile names. they're not sure if he was on other websites on christianmingle.com. in the particular care we're talking about now he went by the name rarity. the only name this woman knew him by. he went by ryland, ryland harbaugh and ryan. the way this parti
>> that's now the official guessing game in all 17 miles of pentagon corridors. which four star, the bench is not all that deep at this point. i think a lot of people are already speculating they could reach down into the three star ranks, promote somebody into the job. but it's sort of like, and no disrespect, it's the enclave to select a new pope in rome, no disrespect but it's the big guessing game, who's next. >> appreciate it, barbara starr. >>> a man is accused of...
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Feb 23, 2013
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our pentagon correspondent has more. tell us what is going on, barbara. >> reporter: well, you know, wolf, we have been hearing this fancy washington word, sequester for weeks now. but now the reality is hitting hundreds of thousands of defense department workers facing a smaller paycheck. maintaining fighting jets and war ships at the ready. providing care at military hospitals. crucial military functions don't by some 800,000 civilian workers. now, the pentagon has told congress these workers will be forced to stay home one day a week, without pay, if mandatory spending cuts are not averted. >> everybody is waiting to hear. it has definitely become the new, what i call the new "f" word here is furlough. >> reporter: for many, it will be defense cuts, he is already making plans. >> i'll pay the core bills, the mortgage and the utilities and then you live on what is left. >> reporter: the head of the government worker's union says his people have already suffered. >> already these employees have suffered a 27-month pay f
our pentagon correspondent has more. tell us what is going on, barbara. >> reporter: well, you know, wolf, we have been hearing this fancy washington word, sequester for weeks now. but now the reality is hitting hundreds of thousands of defense department workers facing a smaller paycheck. maintaining fighting jets and war ships at the ready. providing care at military hospitals. crucial military functions don't by some 800,000 civilian workers. now, the pentagon has told congress these...